While it's not completely immune to the downturn in the energy market, Magellan Midstream Partners (NYSE:MMP) was able to overcome its exposure to commodity prices to deliver record fourth-quarter distributable cash flow.
Magellan Midstream Partners, L.P. logo Shares of Magellan Midstream Partners, L.P. (NYSE:MMP) have been given a consensus recommendation of “Hold” by the seventeen research firms that are covering the company.
When speculating how a given stock will perform in the future, it is important to look at how it has performed in the past. Today we will examine how Magellan Midstream Partners LP (NYSE:MMP)'s stock has performed at various points in its past ...
The downturn in the oil market has hit companies related to the production of oil and gas really hard. However, it has had quite the opposite impact on those that are on the demand side of the equation because lower commodity prices fuel incremental ...
The shares of Magellan Midstream Partners, L.P. (NYSE:MMP) currently has mean rating of 2.00 while 8 analysts have recommended the shares as “BUY”, 3 recommended as “OUTPERFORM” and 6 recommended as “HOLD”.
Magellan Midstream Partners (NYSE:MMP) is a great stock to buy right now in my view, as the company runs a low-risk, fee-based petroleum pipeline system that makes money in any commodity price environment.
Checking on the valuation of Magellan Midstream Partners LP (NYSE:MMP) shares, we can focus on several ratios. One of the quickest ways to determine the projected value of a stock is the price to earnings growth, or PEG ratio.